Ichimoku analysis (1 Hours chart)
Tenken-Sen - 149.11
Kijun-Sen - 148.80
GBPJPY trades higher and jumped nearly 90 pips from low of 148.33. JPY was trading lower against all pairs especially USD and lost more than 60 pips from yesterday low of 112.94 on easing geopolitical tensions . The pair hits high of 149.32 and is currently trading around 149.319.
Intraday bias is bullish as long as support 148.80 holds. Any break below 148.80- targets 148.30/147.98.
The near term resistance is around 149.30 and any break above 149.70/150. Any break above 150 confirms bullish continuation.
It is good to buy on dips around 148.75-80 with SL around 148.30 for the TP of 150.
